2024 Overview
General Bank Information
Texas First Bank is an FDIC insured institution located in Texas City, TX. It was founded in 1982 and has approximately $2.18 billion in assets. Customers can open an account at one of its 23 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 23799 |
| Date Established | 1982 |
| Assets | $ 2.18 billion |
| Loans | $ 1,147.00 million |
| Deposits | $ 1,853.35 million |
| Capital | $ 191.78 million |
For a more detailed analysis of Texas First Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Kasasa Cash Checking | 3.00% | $0 | $0.00 | Learn More |
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Texas First Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 401822 |
6.818% |
6.625% 1.00 points $6,400 fees |
$2,049 | Learn More |
NMLS ID: 2059741 |
6.994% |
6.875% 0.63 points $3,901 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.451% |
7.375% 0.75 points $2,400 fees |
$2,211 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Texas First Bank
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Branches
Texas First Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
Texas First Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Texas First Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Texas First Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Texas First Bank | U.S. Bank Average |
|---|---|
| 1.95% | 3.96% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of December 31, 2024, Texas First Bank had $4,005,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $191,777,000 in equity and $13,685,000 in loans loss reserves. That gives it a Texas Ratio of 1.95%.
Return on Equity
| Texas First Bank | U.S. Bank Average |
|---|---|
| 13.61% | 12.20% |
Texas First Bank has a Return on Equity of 13.61% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Texas First Bank | U.S. Bank Average |
|---|---|
| 8.79% | 10.76% |
Texas First Bank has a Capitalization of 8.79% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Texas First Bank Balance Sheet Analysis
As of December 31, 2023, Texas First Bank had assets of $2,182,585,000, loans of $1,147,001,000, and deposits of $1,853,349,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 80.97 million |
| Interest-bearing balances | $ 40.35 million |
| Total securities | $ 845.73 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 1,147.00 million |
| Loan loss allowance | $ 13.69 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 17.50 million |
| All other assets | $ 49.58 million |
| Total Assets | $ 1,990.81 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,853.35 million |
| Interest-bearing deposits | $ 1,140.26 million |
| Deposits held in domestic offices | $ 1,853.35 million |
| % insured (estimated) | 54.46% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 5.79 million |
| Total Liabilities | $ 1,990.81 million |
| Shareholders’ Equity | $ 191.78 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 88.96 million |
| Total Interest Expense | $ 26.82 million |
| Net interest income | $ 62.14 million |
| Provision for loan and lease losses | $ 0.09 million |
| Total non interest income | $ 11.76 million |
| Total non interest expense | $ 50.37 million |
| Pre-tax Net Operating Income | $ 16.23 million |
Bank Loan Profile?
The top three loan types in Texas First Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.
Compared to other banks, Texas First Bank’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 12.63 | ✓ | ||
| Multifamily Mortgages |
1.50 | ✓ | ||
| Credit Card Loans | 0.19 | ✓ | ||
| Consumer Auto Loans | 0.05 | ✓ | ||
| Small Business Loans | 9.68 | ✓ | ||
| Construction and Development Loans | 15.03 | ✓ | ||
| Commercial Real Estate | 38.41 | ✓ | ||
| Commercial and Industrial Loans | 15.69 | ✓ | ||
| Farm Loans | 1.61 | ✓ | ||
Customer Reviews for Texas First Bank
utpara4
January 23, 2021 |
This is the WORST bank ever!! We had a substantial amount of money taken from our accounts. When we first discovered it, we immediately met with Sue Hearn, VP in The Woodlands. Her first reaction was to play "detective" and immediately look at my husband and I as the criminals. Her questioning was beyond belief! Needless to say, it took 7 weeks for us to get our monies returned. Speaking to the CEO, Christopher Doyle was like talking to a Kindergartener. We got no where with him but empty promises. Then they had us talk with their investigator, Clay Perry. He was the only one who had any common sense in doing what was the right thing to do and that was to get us our money back.
There is absolutely ZERO security at this bank. You put your money there and your entire identity is GREATLY AT RISK! The person(s) who stole our money were able to change our bank profile and did in September 2020 and we were not notified until December 7, 2020. When the funds were removed and it is a very large sum we WERE NEVER NOTIFIED. It wasn't until we looked at the account. They had a girl named Jade who "supposedly" tried to call 1 of the 3 phone numbers which just happened to belong to the "International Money Fund," a scam number but she did not have enough sense to call the other 2 phone numbers.
Also, Sue Hearn, the VP "accidentally" emailed me "personal and confidential" information regarding their employees. What kind of security is that? Then Sue had the audacity to email me and tell me to "disregard because it was inadvertently sent to me." Are you kidding? Again, ZERO ZERO SECURITY AT THIS BANK!!!!
If you have an account here, BEWARE!! Should your identity get stolen from this bank, be prepared to wait and wait and wait. You will be treated as a "criminal" rather than the victim. There is absolutely no integrity with Sue Hearn, Robin McDougald and Christopher Doyle. This bank needs to be reported and if you think that being insured by the FDIC will get your money you are sadly mistaken. As Christopher Doyle stated, "if our bank did not do this, there is nothing we can do." Meaning, you will LOSE ALL YOUR MONIES WITH THIS BANK!
Take this seriously and get out of any association with Texas First Bank!
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